1442 - 50 - Rabi' al-Awwal

Type:	Judgment
Judgment number:	9153
Date:	1442-03-18
Source:	Commercial Court
Summary:	By AI In Case No. 148 H, Khalid Fareeh Al-Aqlaa submitted a request to initiate liquidation proceedings for Al-Shorouk Iron Industries Factory due to an outstanding debt. The creditor attended, but the debtor did not, prompting the court to inquire about the debtor's financial situation. The court decided to open liquidation proceedings and appointed Suleiman bin Ali Al-Salem as the trustee. During the sessions, it became evident that the debtor was facing financial difficulties, with debts amounting ...

Type:

Judgment

Judgment number:

9153

Date:

1442-03-18

Source:

Commercial Court

Summary:

By AI

In Case No. 148 H, Khalid Fareeh Al-Aqlaa submitted a request to initiate liquidation proceedings for Al-Shorouk Iron Industries Factory due to an outstanding debt. The creditor attended, but the debtor did not, prompting the court to inquire about the debtor's financial situation. The court decided to open liquidation proceedings and appointed Suleiman bin Ali Al-Salem as the trustee. During the sessions, it became evident that the debtor was facing financial difficulties, with debts amounting ...